Shore Capital analysts say Accesso Technology Group plc is a buy

Shore Capital analysts reiterated their buy rating on Accesso Technology Group PLC (AIM: ACSO, OTC: LOQPF), a technology provider for theme parks and tourist attractions, following today’s impressive trading update After highlighting revenue growth and strong cash flow.

Shore cap raised its full-year 2023 cash EBITDA by 7% to $24 million, projecting revenue growth of 6.6%.

Revenue is expected to be offset by an expected normalized revenue mix and acquisition-related costs, earnings per share of 23.2p and a net cash position of £88m.

“If this momentum continues into the first quarter, the forecast may be considered overly cautious, and Shor plans to review its data and further details in March,” the analyst said.

ACSO’s shares changed hands for 809.3p as of January 31, giving it a market capitalization of £336m.

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